Updated August 29 at 7:42am
Banking
410 results total, viewing 381 - 390
The foreclosure rate for outstanding mortgage loans fell 0.4 and 0.16 percentage points in June from a year earlier in Rhode Island and the Providence-Warwick metro area, respectively, according to CoreLogic. But for both areas, the June rate represented an increase from May figures. more
Three global banks are in danger of losing their ability to manage pension funds in the U.S., as the Department of Labor wrestles with how to hold financial institutions accountable for criminal misconduct. more
Director of home ownership and customer service at Rhode Island Housing talks about homeownership in the state. more
Insurance agency mergers and acquisitions occurred at a rapid pace during the first six months of 2014, according to “Agent-Broker Merger & Acquisition Statistics, June 2014: The New Normal?” by OPTIS Partners, an investment banking and financial consulting firm with expertise in the insurance industry. more
America’s banking industry is seeing steady improvement, highlighted by a sharp increase in business loans and a dramatic improvement in the quality of bank portfolios, according to James Chessen, chief economist for the American Bankers Association. more
While 94 percent of parents and 94 percent of college students are concerned about the cost of higher education, about one-third of the students and half the parents are without a plan to pay back the debt. more
A food company that regularly poisoned people wouldn’t expect to stay in business for long. A pharmaceutical company whose drugs made patients sick would be shut down. But a bank that repeatedly rips off its customers? Why, it can just keep paying fines, toss out a “mea culpa” press release, and get back to business as usual -- even when it’s 80 percent owned by taxpayers. more
(Updated, 10:45 a.m.) Banco Santander SA cut a planned sale of as much as 2.5 billion euros ($3.3 billion) of the riskiest bank bonds to 1.5 billion euros. more
Bank of America Corp., which agreed to a record $16.7 billion settlement of government mortgage probes in August, posted a surprise third-quarter profit as revenue from trading stocks and bonds increased. more
Banco Santander SA said third-quarter profit rose 52 percent, beating estimates, as charges for bad loans dropped in Spain and earnings climbed in the U.K. and Brazil. more
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